Data / Crowdfunding / California / IP3 Labs Inc.
IP3 Labs Inc.: crowdfunding raise on OpenDeal Portal LLC, $50,000 to $1,235,000 (2024)
IP3 Labs Inc., a corporation in Studio City, CA, filed a Form C with the SEC on August 26, 2024 to raise $50,000 to $1,235,000 in SAFE (Simple Agreement for Future Equity) Target Number through OpenDeal Portal LLC. The offering closed on February 28, 2025. In its most recent fiscal year it reported $0 in revenue and a net loss of $394,713.
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- Website
- ip3.io
- Funding portal
- OpenDeal Portal LLC
- Address
- 12605 Ventura Blvd #1094, Studio City, CA 91604
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- November 3, 2023
- SEC CIK
- 0002030487
Offering terms
From the offering filed August 26, 2024.
- Security
- SAFE (Simple Agreement for Future Equity) Target Number
- Price
- $1.00
- Target
- $50,000
- Maximum
- $1,235,000
- Deadline
- February 28, 2025
- Portal compensation
- At the conclusion of the Offering, the Issuer shall pay the Intermediary the greater of (A) a fee of seven percent (7%) of the dollar amount raised in the Offering or (B) a cash fee of twelve thousand dollars ($12,000.00).
Financials
From the Form C-AR filed May 12, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-394,713 | $-189,493 | sec.gov |
| Taxes paid | $1,619 | $0 | sec.gov |
| Total assets | $46,750 | $26,147 | sec.gov |
| Cash | $23,491 | $8,888 | sec.gov |
| Accounts receivable | $3,000 | $0 | sec.gov |
| Short-term debt | $262,035 | $214,923 | sec.gov |
| Long-term debt | $12,500 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 12, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| March 6, 2025 | Progress update | $50,000 | $1,235,000 | February 28, 2025 | The Offering closed successfully on 3/2/2025, having received investment commitments of $82,900, although a final accounting has not taken place. | sec.gov |
| August 26, 2024 | Offering | $50,000 | $1,235,000 | February 28, 2025 | sec.gov |
Updated May 12, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.